201 Increase in stamp duty threshold.U.K.
(1)Section 55 of the M1Finance Act 1963 (stamp duty under or by reference to conveyance or transfer on sale heading) and section 4 of the M2Finance Act (Northern Ireland) 1963 (equivalent provision for Northern Ireland) shall be amended as follows—
(a)in subsection (1) of each section for “£30,000” (in each place) there shall be substituted “ £60,000 ”;
(b)in subsection (2) of each section for “£300” there shall be substituted “ £600 ”.
(2)This section applies to—
(a)instruments executed on or after 16th March 1993 and before 23rd March 1993 and not stamped before 23rd March 1993;
(b)instruments executed on or after 23rd March 1993.
(3)For the purposes of section 14(4) of the M3Stamp Act 1891 (instruments not to be given in evidence etc. unless stamped in accordance with the law in force at the time of first execution) the law in force at the time of execution of an instrument falling within subsection (2)(a) above shall be deemed to be that as varied in accordance with subsection (1) above.
(4)This section shall be deemed to have come into force on 23rd March 1993.
Commencement Information
Marginal Citations